Interest Rate Disclosure
Important Information About Your Account
HealthcareBank Interest Rate Disclosure
Cash Account balances are initially invested in an FDIC-insured
interest-bearing account with HealthcareBank, a division of Bell Bank as
custodian for your Health Savings Account (HSA).
The following interest rate and Annual Percentage Yield (APY) apply and are effective as of May 1, 2020.
|Cash Account Balance
||Annual Percentage Yield (APY)
|$0.01 - $1,999.99
||0.00% - 0.01%
|$2,000 - $4,999.99
||0.01% - 0.02%
|$5,000 - $9,999.99
||0.02% - 0.04%
|$10,000 - $24,999.99
||0.04% - 0.07%
|$25,000 and up
||0.07% - 0.20%
HealthcareBank uses the daily balance method to calculate interest on
your Cash Account. This method applies a daily periodic rate to the
principal balance in your Cash Account each day. Interest rates will be
paid only for the portion of your daily balance that is within each
tier. The interest rate and APY may change at HealthcareBank’s
discretion, at any time. Interest begins to accrue no later than the
business day HealthcareBank receives credit in your Cash Account for the
deposit of noncash items (for example, checks). Interest is compounded
and credited to your Cash Account monthly. If you close your Cash
Account before interest is credited, you will not receive the accrued
interest for that month.
The maximum balance allowed in your Cash Account is based on the
investment transfer threshold established by your Administrator, or you,
if allowed by your Administrator. Amounts over this threshold will be
automatically swept to your Investment Account as described in the
Custodial Agreement and Disclosure Statement. Mutual funds are not FDIC
insured, have no bank guarantee and may lose value.
does not provide legal, tax or investment advice to HSA Accountholders.
Contact a qualified accountant, attorney or investment adviser for
legal, tax or investment advice.